US Targets Crypto Wallet In Crackdown On Mexican Cartel’s Fentanyl Trade
The Office of Foreign Assets Control of the United States government blacklisted a Mexican drug dealer for utilizing crypto to import the strong and deadly synthetic opioid narcotic fentanyl into the country. On Sept. 26, the US Treasury made an announcement stating that it has imposed sanctions on 10 individuals, several of whom had affiliations with the notorious Sinaloa […]
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Cryptocurrencies have taken center stage in a significant crackdown on the illicit production and distribution of fentanyl and methamphetamine. In a significant move against the illicit production of these dangerous drugs, the Department of Justice (DOJ) has unsealed eight indictments. The indictments also encompassed crimes associated with the sale of precursor chemicals, shining a light […]
A popular darknet marketplace has announced that it has prohibited the sale of fentanyl after a dramatic rise in the number of deaths related to fentanyl overdose in the last two years. According to NBC, in Philadelphia, there has been a 636 percent increase in overdoses from the medical-grade opioid fentanyl. What is Fentanyl? Fentanyl is a synthetic opioid, which belongs to the same family as morphine, heroin, and oxycontin, but is 50 times stronger than medical-grade heroin and 100 times stronger than morphine. Fentanyl-Related Overdoses Connected to Darknet. It seems, however, that....
With rising fentanyl overdose related deaths, darknet marketplaces like AlphaBay and Darknet Heroes League have taken an anti-fentanyl stance. A drug dealer with a conscience is not something many people are readily willing to come to terms with. But few darknet marketplaces known for facilitating the sale of illegal drugs for Bitcoin payments have started to grown a conscience. According to reports, AlphaBay and Darknet Heroes League are the two darknet marketplaces that are actively discouraging the sale of drugs laced with fentanyl and other similar chemicals. These marketplaces may not....
An on-chain crypto investigator took to social media to expose the supposed black truth behind Justin Sun’s Tron but has thrown Ethereum in the mix, alleging that the cryptocurrency is backed by the CCP and may harbor crypto wallet addresses by Fentanyl traffickers. On-Chain Detective Unveils Potential Tron Ponzi Scheme An X (formerly Twitter) user going by the username @BoringSleuth has gained the attention of the crypto community after uncovering potential evidence of Tron allegedly being a Ponzi scheme governed by one of the world’s largest crypto criminal drug cartels. “I....
As Trump Targets Mexican Remittances, It’s Time for Mexico’s Government to Get Serious about Bitcoin
No country had more to lose from Donald Trump’s presidential victory than Mexico, an economy that heavily relies on remittances from the United States. Mexico received $24 billion in remittances in 2015, the country’s largest source of currency after direct investment. The Mexican government has been bracing for this blow and has taken steps to shore up its finances. The impending fallout should give the Mexican government reason to pay more attention to progressive cryptocurrency regulation, considering Mexicans working in the U.S. will have limited recourse for sending money back to....